Annual report pursuant to Section 13 and 15(d)

BUSINESS COMBINATIONS AND ASSET PURCHASES (Tables)

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BUSINESS COMBINATIONS AND ASSET PURCHASES (Tables)
 12 Months Ended
Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed A summary of the preliminary allocation of Kind Consideration to the acquired assets, identifiable intangible assets and certain assumed liabilities at December 31, 2022 is as follows (in thousands):
Fair value of consideration transferred:
  Cash consideration:
    Cash paid at closing $ 10,128 
    Release of escrow 2,444 
    Severance paid from escrow 556 
    Less cash acquired (2,310)
      Net cash consideration 10,818 
  Note payable 5,634 
  Write-off of accounts receivable 658 
  Write-off of deferred accounts receivable 842 
        Total fair value of consideration transferred $ 17,952 
Fair value of assets acquired and (liabilities assumed):
  Current assets, net of cash acquired $ 5,047 
  Property and equipment 622 
  Intangible assets:
    Trade name and trademarks 2,041 
    Licenses and customer base 4,700 
    Non-compete agreements 42 
  Goodwill 6,011 
  Current liabilities (511)
        Fair value of net assets acquired $ 17,952 
Business Acquisition, Pro Forma Information Accordingly, these unaudited pro forma results are presented for illustrative purposes and are not intended to represent or be indicative of the actual results of operations of the combined company that would have been achieved had the Kind Acquisition occurred at the beginning of the period presented or are they intended to represent or be indicative of future results of operations (in thousands):
Year ended December 31,
2022 2021
(unaudited)
Revenue 136,078  131,658 
Net income 15,823  16,627